RE: The £17K Ferrari? I bought it...

RE: The £17K Ferrari? I bought it...

Author
Discussion

minimalist

1,492 posts

205 months

Friday 28th March 2014
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Welshbeef said:
I'd wager its worth more than he paid for it even after a years use and the extra miles.

But these are a risk if anything big goes wrong its very big money to sort - though same could be said for far too many mundane cars these days too.
I was just think that. I had completely forgotten about this article/purchase until appeared along the bottom of the PH homepage.

Regarding your comment on value, I love when I can find the real (recent) history of a car online. It tells so much about the owner and the little jobs which might not appear on the official service history and I definitely think it is worth a fair bit more than he paid.

Well done to the owner and the best of luck to him. I recently drove my first 550 and have been browsing the ads for those and 456s. I must admit to being slightly jealous wink

456mgt

2,504 posts

266 months

Friday 28th March 2014
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Sumsion said:
When I was younger and on my way to a meeting in Europe I caught up with one of these ........ Anyway we was not going to let a S1 111s past ........he looked a little concerned at 120 on a curve as I began to close .... Fortunately a roundabout appeared and he became history under braking.
That's great. Really great

carparkno1

1,432 posts

158 months

Friday 28th March 2014
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This thread continues to deliver in all the right ways.

off to the classifieds...

mft

1,752 posts

222 months

Friday 28th March 2014
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minimalist said:
Well done to the owner and the best of luck to him. I recently drove my first 550 and have been browsing the ads for those and 456s. I must admit to being slightly jealous wink
Just as an aside, how did you find it felt to drive? Big heavy GT/cruiser, or some sports car mixed in? I've always liked the 456 and 550/75, but never had the opportunity to try one.

p1doc

3,114 posts

184 months

Friday 28th March 2014
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paulg390 said:
Hi Simon.. a timely post, in more ways than one as I have seen the "456 Spotted" article too. Indeed the 456 has been tucked up in dry storage since late November, but is due to resurface next week when my 156 GTA comes back from having some bits done. On the "to do" list for the spring is new door rubbers (eye wateringly expensive but I think a must do now, oil change, MOT, another attempt to release some V12 howl via the spare set of second hand back boxes I bought, an investigation into the aircon drain issue (hopefully fixed by judicious use of an air line), and much needed paintwork for the front and rear bumpers. I was intending to have the seats reconnellised but I think £££s dictate that the other items are more pressing/worthwhile... so hopefully in a couple of weeks the sun will be out and it'll be on the road. Sadly no Le Mans this year... but going to Ring 24 instead. Would be rude not to take it driving
looking forward to see the cheap ferrari-trade for my rental lol
martin

wheelsmith

138 posts

142 months

Sunday 30th March 2014
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Good on him

There's many who'll search classifieds and research the car to death, picking fault with adverts pictures and almost anything you can think, these lot generally end up buying bugger all wasting sellers time

sometimes you've got to risk it, for a biscuit smile

Chimune

3,175 posts

223 months

Wednesday 2nd April 2014
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paulg390 said:
Hi Simon.. a timely post, in more ways than one as I have seen the "456 Spotted" article too. Indeed the 456 has been tucked up in dry storage since late November, but is due to resurface next week when my 156 GTA comes back from having some bits done. On the "to do" list for the spring is new door rubbers (eye wateringly expensive but I think a must do now, oil change, MOT, another attempt to release some V12 howl via the spare set of second hand back boxes I bought, an investigation into the aircon drain issue (hopefully fixed by judicious use of an air line), and much needed paintwork for the front and rear bumpers. I was intending to have the seats reconnellised but I think £££s dictate that the other items are more pressing/worthwhile... so hopefully in a couple of weeks the sun will be out and it'll be on the road. Sadly no Le Mans this year... but going to Ring 24 instead. Would be rude not to take it driving
156 gta - bet the fezza sounds almost as good ....!

razzle99

165 posts

243 months

Saturday 12th April 2014
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I worked with Paul a few years ago, he's a proper car bloke with a long history of owning lots of interesting stuff (we both had TVR Griffiths at one point), and a thoroughly nice chap. If you read this Paul, best of luck with the 456 - I always thought they were cracking looking cars, plus a V12 howl... Lovely ! All the best, Darren from Weller's team... ;-)

CampDavid

9,145 posts

198 months

Thursday 19th June 2014
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Just seen this car in the car park at the hotel an der Nordschleife, a fine way to get across for the N24.

It is what it is, a light bit of rust here, some wear there but it looks a decent 456GT, certainly seen many worse. For £17000 it's a dream.

We're in the two top floor flats at the far end btw if you spot this, feel free to grab a beer if we're on the balcony smile

paulg390

635 posts

234 months

Tuesday 24th June 2014
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CampDavid said:
Just seen this car in the car park at the hotel an der Nordschleife, a fine way to get across for the N24.

It is what it is, a light bit of rust here, some wear there but it looks a decent 456GT, certainly seen many worse. For £17000 it's a dream.

We're in the two top floor flats at the far end btw if you spot this, feel free to grab a beer if we're on the balcony smile
Yes that was me wink Shame I didn't check my bookmarks while I was there, always up for a free beer frown. We must have been in adjoining apartments !! As there was 10 of us in the very top left one as you look from the road. Big wide world, Small PH world !!

Might as well update the thread while I'm here then.... happy to report that the run down (and back) was trouble free, usual infrequent suspension warning light came on once then disappeared for good, the fuel consumption is eye watering, reckon circa £280 for round trip of 850 miles (no I daren't work it out in MPG !) but I have to say it is a phenomenally comfortable autobahn cruiser .. I get out much more "fresh" from this after 3 - 4 hours of solid driving than the family CLS 500. The manual "fans on" override switch is a godsend with no temp issues despite some lengthy delays in the heat

Since the last update it flew through its MOT with no advisories, the door rubbers on both sides have been done, the passenger side one is tight as a drum now, but sadly the drivers side one isn't playing ball and after a few door open and closes it "pops out" from the retaining surround so need to have another look at that. Front and rear bumpers all painted and looking 100% now, couple of parking dings on the doors taken out by one of those dentmaster outfits (amazing what they can do !), aircon blockage seems ok as no further wet left foot incidents, and bonnet release now works like a dream (emergency pulls left in place just in case)... but best "shed motoring" result was finding that the £15 Ebay CD changer that I used to replace the broken Original one worked. It is an exact straight fit.. took 2 minutes and works perfectly - the only difference between mine and a £600 Ferrari one is the label - seriously.. it is just a std Sony CDX70 Multi CD changer.

Next up... still not decided between tidying up the leather (no rips or tears - just looks like it needs TLC), tidying a couple of localised "scabs" and getting the back boxes sorted as still not happy with lack of V12 howl. When it was without bumpers it was started without the rear boxes and apparently it sound "just right". So plan is to take the spare rear boxes, cut the sound absorbing box out and replace with straight pipe leaving the OEM pipes poking out the rear so it still looks right.


lamboman100

1,445 posts

121 months

Tuesday 24th June 2014
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Have you checked its price / worth recently?

A neighbour down the road from me also bought a ~£17k Ferrari a year or so ago, and he has seen it leap in price.

ILoveMondeo

9,614 posts

226 months

Wednesday 25th June 2014
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lamboman100 said:
Have you checked its price / worth recently?

A neighbour down the road from me also bought a ~£17k Ferrari a year or so ago, and he has seen it leap in price.
Wouldn't be surprised if it had nearly doubled in value, there's only 4 on the trader at the moment, Ferrari prices have gone nuts lately for some of the previously "undesirable" models.




paulg390

635 posts

234 months

Wednesday 25th June 2014
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ILoveMondeo said:
lamboman100 said:
Have you checked its price / worth recently?

A neighbour down the road from me also bought a ~£17k Ferrari a year or so ago, and he has seen it leap in price.
Wouldn't be surprised if it had nearly doubled in value, there's only 4 on the trader at the moment, Ferrari prices have gone nuts lately for some of the previously "undesirable" models.
Must admit I haven't looked closely at prices recently but last time I looked they seemed about the same as when I bought the car a couple of years back... I.e. Anywhere from mid 20's to high 30s depending on year, conditiom and miles. Then when I add what i have spent on tyres, paint, door rubbers, tax, insurance bits n pieces any "profit" soon starts to disappear

Guvernator

13,143 posts

165 months

Wednesday 25th June 2014
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That's the crux, apart from very rare exceptional cases, the best you can usually hope for once running costs are taken into account is that it works out to be cost neutral or at least not cost you very much.

Still hats off the you, I doubt there are many who would have the skills or quite frankly the b*lls to try to run a V12 Ferrari on a budget and I while I still very much enjoy the "what's the best new hypercar stories", personally I find this is a much more interesting (and relevant) supercar ownership story. You sir are an inspiration to all financially constrained PH'ers thumbup

p1doc

3,114 posts

184 months

Friday 4th July 2014
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good to see you again paul-who else would buy a green ferrari lol,noticed you took pic away from my superior car.....
martin
ps just attended alford speedfest last weekend-42 litre packard bentley=2mpg should make you feel better,pics on my facebook and on scottish pistonheads

paulg390

635 posts

234 months

Wednesday 16th July 2014
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p1doc said:
good to see you again paul-who else would buy a green ferrari lol,noticed you took pic away from my superior car.....
martin
ps just attended alford speedfest last weekend-42 litre packard bentley=2mpg should make you feel better,pics on my facebook and on scottish pistonheads
Good to see you and the crew too... And yes nice to hear someone gets less MPG than me biggrin. As for who else would buy a green Ferrari... Well you would be surprised...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

biglaugh

CampDavid

9,145 posts

198 months

Wednesday 16th July 2014
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paulg390 said:
Yes that was me wink Shame I didn't check my bookmarks while I was there, always up for a free beer frown. We must have been in adjoining apartments !! As there was 10 of us in the very top left one as you look from the road. Big wide world, Small PH world !!
We were below you.

Leave the bloke who was pointing the laser pen at the track at home next time though please wink

paulg390

635 posts

234 months

Wednesday 16th July 2014
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CampDavid said:
We were below you.

Leave the bloke who was pointing the laser pen at the track at home next time though please wink
Dont think he pointed at track... But dont worry we will... He has been warned...

MJK 24

5,648 posts

236 months

Sunday 16th November 2014
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Any updates OP?

Will you run it through winter or take it off the road for further improvements?

minerva

756 posts

204 months

Sunday 8th February 2015
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Please do keep us informed..... If it going well we will all cheer, if badly our naturally british schadenfreude will raise a smile!